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Jefferies Keeps Their Hold Rating on Open Text (OTEX)
In a report released today, from Jefferies maintained a Hold rating on Open Text, with a price target of $27.00.
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In addition to Jefferies, Open Text also received a Hold from RBC Capital’s Paul Treiber in a report issued yesterday. However, on the same day, Scotiabank maintained a Buy rating on Open Text (NASDAQ: OTEX).
Based on Open Text’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.26 billion and a net profit of C$169.82 million. In comparison, last year the company earned a revenue of C$1.25 billion and had a net profit of C$92.81 million
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